UniversalAET is a bolt-on acquisition for B&W MEGTEC and will be included in B&W’s Industrial operating segment. The new company will be named Babcock & Wilcox Universal and operate under the trade name B&W Universal.

“UniversalAET expands our industrial environmental portfolio into noise abatement, introduces us to new end markets and customers, and gives us another avenue to serve natural gas power generation customers,” said B&W Chairman and Chief Executive Officer E. James Ferland. “This acquisition aligns with our strategy to grow our industrial market exposure and continue to increase our non-coal revenue base.”

The deal is based on an enterprise value of $55 million, subject to certain adjustments. UniversalAET is expected to generate approximately $80 million of annual revenue and to be accretive in 2017.

About B&W
Headquartered in Charlotte, N.C., Babcock & Wilcox is a global leader in energy and environmental technologies and services for the power and industrial markets. B&W companies employ approximately 5,700 people around the world. Follow us on Twitter @BabcockWilcox and learn more at www.babcock.com

Forward-Looking Statements
B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to our acquisition of UniversalAET and its impact on our business and results of operations. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties, including, among other things, our ability to successfully integrate UniversalAET and realize the expected synergies from the acquisition; the performance of UniversalAET; our ability to retain significant customers and key personnel; and overall market conditions. For a more complete discussion of other risk factors, see B&W’s filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K and subsequent quarterly reports on Form 10-Q. B&W cautions not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and undertakes no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.